Oil Has Become Too Volatile For Traders ...Middle East

OILPRICE - Economy

Price volatility is a trader’s bread and butter, but in oil, volatility is becoming excessive, pushing traders away and making life harder for a lot of businesses that normally use oil hedges to secure some price stability that is vital for their operations. This is according to a Reuters analysis that notes oil prices have become so wild in their everyday swings that the usual suspects, such s hedge funds, are quitting the oil market in droves, with activity there falling to the lowest in seven years. It appears, then, that volatility is…

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Last updated : 22 August 2022 clock 02:04 AM

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